WATCH: 2023 in review

During 2023, Australian Strategic Materials (ASM) made strong progress against its mine to metals strategy.

Delivering on strategic and operational milestones, we have laid the foundations for critical next steps at our Dubbo Project and Korean Metals Plant that will drive our momentum in 2024.

As the year draws to a close, take a look at some of the progress we’ve made over the past 12 months.

Australia announces updated Critical Minerals List

Dubbo Project orebody
The Dubbo Project has a unique orebody of rare earths and critical minerals.

ASM is pleased to note that materials to be produced from its globally significant Dubbo Project remain firmly on the Australian Government’s updated Critical Minerals List.

The revised list has been launched by Federal Minister for Resources the Hon Madeleine King MP.

The unique, long-life Dubbo Project deposit will produce the rare earth elements of neodymium, praseodymium, dysprosium and terbium, in addition to zirconium, hafnium and niobium. These elements all play a critical role in the global clean energy transition.

According to the Department of Industry, Science and Resources, Australia’s Critical Minerals List contains minerals:

  • essential to our modern technologies, economies and national security, specifically the priority technologies set out in the Critical Minerals Strategy
  • for which Australia has geological potential for resources
  • in demand from our strategic international partners
  • that are vulnerable to supply chain disruption.

The full Critical Minerals List can be viewed, here.

Once operational, the Dubbo Project will mine, separate and refine its materials onsite to produce metal oxides and mixed chlorides. Products will then be shipped to ASM’s metallisation plants and/or direct to global customers.